Performance Food Group (NYSE:PFGC) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its stake in Performance Food Group (NYSE:PFGC) by 16.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 168,889 shares of the food distribution company’s stock after selling 32,785 shares during the period. Peregrine Capital Management LLC’s holdings in Performance Food Group were worth $14,280,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PFGC. Creative Planning grew its stake in Performance Food Group by 1.2% during the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after buying an additional 140 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Performance Food Group during the third quarter worth about $36,000. Blue Trust Inc. increased its holdings in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after acquiring an additional 242 shares during the period. Raymond James & Associates lifted its position in Performance Food Group by 1.9% in the 3rd quarter. Raymond James & Associates now owns 186,233 shares of the food distribution company’s stock valued at $14,595,000 after purchasing an additional 3,390 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Performance Food Group by 23.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,048 shares of the food distribution company’s stock valued at $709,000 after purchasing an additional 1,689 shares during the period. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.9 %

NYSE PFGC opened at $87.20 on Tuesday. The company has a market capitalization of $13.62 billion, a P/E ratio of 35.16, a PEG ratio of 0.96 and a beta of 1.44. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73. The company’s 50 day simple moving average is $86.90 and its 200 day simple moving average is $81.54.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Equities research analysts expect that Performance Food Group will post 4.6 earnings per share for the current fiscal year.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group raised their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Melius initiated coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target for the company. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays decreased their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.73.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.